ACCEPT THIS AT YOUR OWN RISK
It’s already started. The Goody Bag dilemma with the IRS is heating up and the upcoming Emmys are the first big show to have to deal with it. All presenters expecting the bag of gifts and certificates (don’t kid yourself – it’s the reason most of them show up!) have just received a document from the TV academy that they MUST sign and return before bags are given. The paper states that the gift bag receiver is aware that there might be a”tax problem” in the future and they are accepting the bag at their own risk. The IRS hasn’t decided what to do because most of the individual gifts in the bag are under $10,000, and not subject to taxes, but the bag value can TOTAL up to $40,000 or more. So who pays the taxes? Not the Housewives, we bet.